Ashima (BOM:514286) Interest Expense : ₹-51 Mil (TTM As of Mar. 2024)

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What is Ashima Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ashima's interest expense for the three months ended in Mar. 2024 was ₹ -22 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-51 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Ashima's Operating Income for the three months ended in Mar. 2024 was ₹ 623 Mil. Ashima's Interest Expense for the three months ended in Mar. 2024 was ₹ -22 Mil. Ashima's Interest Coverage for the quarter that ended in Mar. 2024 was 28.56. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Ashima Interest Expense Historical Data

The historical data trend for Ashima's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ashima Interest Expense Chart

Ashima Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-26.50

-17.90

-22.90

-22.50

-51.10

Ashima Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-4.80	-4.40	-7.80	-17.10	-21.80

Ashima Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-51 Mil.

Ashima (BOM:514286) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Ashima's Interest Expense for the three months ended in Mar. 2024 was ₹-22 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹623 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹1,107 Mil.

Ashima's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	622.5	/	-21.8
	=	28.56

The higher the ratio, the stronger the company's financial strength is.

Ashima (BOM:514286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ashima Ltd (BOM:514286) » Definitions » Interest Expense

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ASHIMASYN:India

Address

Texcellence Complex, Near Anupam Cinema, Khokhara Mehmedabad, Ahmedabad, GJ, IND, 380021

Website

https://www.ashima.in

Ashima Ltd is a Textile Manufacturing company engaged in the manufacture of cotton fabric in India. It offers a range of cotton textile products, including denim, shirting, bottom weights, and interlinings. Its fabrics include Denim, Price dyed, and Fusible Interlinings. It offers various types of denim, including open-end denim, ring denim, slub denim, cross-hatch denim, stretch denim, and fashion denim. The firm sells its goods in the domestic market and also exports them to various countries. It operates in Textiles, Real Estate, Investment, and Others.

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